In a matter of just over two days, recipients of Supplemental Security Income (SSI) can expect the arrival of their monthly payment for September. This payment holds a value of up to $914 for individual filers and is set to be distributed on September 1st.
Interestingly, this September presents a unique scenario due to an idiosyncrasy in the Social Security Administration’s calendar. Beneficiaries will receive not one, but two payments this month. The second payment is scheduled to be dispatched toward the end of September, specifically on the 28th. Notably, this second payment will serve as a replacement for the regular October disbursement.
Payment Social Security update
Ordinarily, beneficiaries receive a single payment each month. However, this year, the pattern deviates in four months: March, June, September, and December. The alteration is driven by the circumstance of the first day of the month falling on a weekend in April, July, and October, coupled with the observance of January 1st as a holiday. Furthermore, there are no payments scheduled for April, July, or October of 2023, nor for January 2024.
The payment sums allocated to beneficiaries are contingent upon their specific status. For individual recipients, the payment rate stands at $914 per month. In the case of eligible couples, the rate is set at $1,371 per month. Additionally, essential persons who provide crucial care to someone receiving SSI and live with them receive a monthly payment of $458.
To be eligible for the Supplemental Security program, an individual must be over the age of 65 and meet predetermined financial criteria. However, those under 65 could also qualify if they are partially blind or contend with a physical or mental condition that significantly restricts their daily activities for at least a year or is anticipated to result in death.
It’s noteworthy that children can potentially qualify for payments in the secondary group if their parents or legal guardians have limited income or savings.
It’s essential to distinguish that SSI payments are distinct from the regular retirement payments disbursed by the Social Security Administration, which mandates a minimum age of 62 for eligibility.
Supplemental Security Income payments made their debut in January 1974 under the administration of the Social Security Administration. Since 1975, these payment rates have experienced increments in line with the adjustments to the cost of living, as directed by the agency.
As the countdown to the forthcoming direct payment commences, beneficiaries can anticipate a boost to their financial well-being as September unfolds. The Supplemental Security Income program continues to be a vital pillar of support for those who meet its criteria, underscoring its significance in upholding the welfare of eligible individuals and families.
How can I check if I’m eligible for Supplemental Security Income?
To check if you’re eligible for Supplemental Security Income (SSI), you need to meet certain criteria based on your income, resources, age, disability status, and residency. Here’s a step-by-step guide to check your eligibility:
- Income: Your income is a significant factor in determining your eligibility for SSI. In 2023, the SSI standard for limited income is up to $914 a month for an individual or $1,371 a month for a couple in which both spouses are beneficiaries. This includes wages, Social Security benefits, pensions, workers compensation, unemployment benefits, and money from friends or relatives www-origin.ssa.gov.
- Resources: Your resources, such as cash, bank accounts, stocks, and bonds, should not exceed $2,000 for an individual and $3,000 for a couple. However, some assets are not considered in this calculation, like the home you live in, a vehicle you rely on for transportation, or household goods.
- Age or Disability: You can qualify for SSI if you are 65 or older. Alternatively, adults and children with disabilities or blindness can also be eligible ssa.gov.
- Residency: You must be a resident of one of the 50 states, the District of Columbia, or the Northern Mariana Islands. Note that SSI is not available to residents of Puerto Rico, the U.S. Virgin Islands, American Samoa, and Guam.
- Citizenship: You must be a U.S. citizen or a lawfully permitted alien meeting additional requirements ssabest.benefits.gov.